Middle East and Chinese investors hover around Selfridges

Thailand’s Central Group is looking for ways to take greater control of the department store chain amid a financial meltdown engulfing its Austrian co-owner, Signa

Selfridges was named the best department store in the world for a fourth time in 2018 by the Intercontinental Group of Department Stores
Selfridges was named the best department store in the world for a fourth time in 2018 by the Intercontinental Group of Department Stores
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Isabella Fish
The Times

“Where is Selfridges’ second biggest store? Is it in Birmingham or Manchester?” asks one of the executive directors at Central Group, the Thai conglomerate that co-owns the historic department store chain.

Coming as it does from the board member of a company seeking to tighten its grip on the luxury retail group, it is, perhaps, an odd question to ask a journalist.

The director is part of the billionaire Chirathivat family, which owns Central. He asked not to be named as the company prefers to keep a low profile, but its purchase of Selfridges has brought the media-shy company into the international spotlight.

The executive has visited the London store but admitted that he was not across the detail of the retailer’s operations. The Selfridges